Would Business friendly government act to bring back Black Money now?
Would Modi Deposit Rs Fifteen Hundred thousand in every Indian account as he promised?
Because Swiss prosecutor raids HSBC office, opens criminal inquiry!
Palash Biswas
A Swiss International aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015.
Just the read the Indian Express Exposure on Black Money and HSBC Indian clients` list once again.Would the government act now?
Referenc:Geneva's public prosecutor searched HSBC's lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.
Europe's largest lender is in regulators' sights after details about how its Swiss private bank allegedly helped wealthy clients dodge taxes were leaked to the media and published last week.
Would Business friendly government act to bring back Black Money now?
Would Modi Deposit Rs Fifteen Hundred thousand in every Indian account as he promised?
Because Swiss prosecutor raids HSBC office, opens criminal inquiry!
Swiss police on Wednesday searched HSBC offices here as part of its probe into "suspected money laundering" by the global banking giant, which has been in news for a leaked list of its account holders that included 1,195 Indian names.
The banking major has come under the scanner after a global expose earlier this month by a grouping of investigative journalists disclosed details of over one lakh account holders in HSBC Geneva branch.
This included 1,195 Indian names, including those of big corporates and political leaders.
The Swiss prosecutors are probing HSBC Private Bank as well as unknown persons for "suspected aggravated money laundering" activities.
Because the fight against black money had been the brand equity of RSS politics and Modi magic was all about the dream that every Indian would get back the money they lost to the swiss accounts.Anna Brigade is fighting for long.
Anna is expected to begin his latest version of Satyagrah against corruption and black money.
Though two of his lieutenants deserted him who played the key role in last Satyagrah .Kejriwal became the Chief Minister while Kiran bedi has been reduced to become a shafron scapegoat at the end of the bullfight in New Delhi.
Yes, Amit Shah has already clarified that it was nothing but a joke.But we may not expect such a serious joke from a national leader.
However Modiji have not spoken a word on his high voltage emotional promise in every election meeting and the promise assured good days with black money back home.
Modiji have not withdrawn this promise and each one of us have every right to claim those 15ooo thousand in our account as most of the citizens have been included into making in economy with UID and Jan Dhan Yojana.
Meanwhile,the income tax department is soon expected to file a complaint against HSBC bank, Geneva, for allegedly "abetting" tax evasion in India by way of unauthorisedly operating accounts of its citizens in its overseas branch.
Sources said the complaint against the global banking giant is expected to be filed under Section 278 of the I-T Act (abetment of false return) before March 31 as these accounts pertain to the time period of 2006-07 and would get "time barred" after that date.
The department, a senior I-T officer said, has taken upon itself to file these cases after informing the special investigation team (SIT) on black money, which is understood to have given its go ahead.
With his clarification Amit Shah has confirmed our claim.Thanks Shahju!Ram Ram Shaa!Shahju!
Here you are!
Modiji on Rs 15 lakh returning to accounts was a political 'jumla': Amit Shah to ABP News
New Delhi: BJP chief Amit Shah on Thursday defended PM Narendra Modi on being regularly attacked by the Opposition for saying during the election campaign that Rs 15 lakh will be deposited in the bank accounts of all Indians once the black money is recovered.
In an exclusive interview to ABP News, Amit Shah said that Modiji's statement during Lok Sabha poll campaigning was just a political jumla (idiomatic expression). The thought behind the statement was to recover the black money stashed abroad and utilizing it to the development of the poor.
"Modiji's statement was an idiomatic expression (jumla) that was given during the Lok Sabha polls. Everybody knows that this black money doesn't go to accounts of people," he said.
"The black money that would return to the country from abroad will be used to help the poor and the needy through schemes, Modiji had said that. If Kejriwalji doesn't understand this then I pity him," Shah added.
Recalling Kejriwal's earlier statements, Shah said that "there is a difference between jumlas and promises."
"The AAP chief is known to make tall promises & not fulfilling them. He had vowed not to take government car, accommodation, will make contractual labourers permanent, weekly conduct janata darbars. Will serve the people of Banaras for 5 years even if he wins or loses. All of these were clear promises made to the citizens and not idiomatic expressions," he further said.
Search Results
Indian black money - Wikipedia, the free encyclopedia
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Feb 9, 2015 - Swiss govt says HSBC black money account list from 'stolen data'; setback for India http://fexp.in/pit141159
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Nov 3, 2014 - The Black Money List of 627 names of Indians having foreign bank accounts has been submitted to Supreme Court by the government.
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Nov 4, 2014 - If the latest guideline of Supreme Court is to be followed, the entire list ofblack money account holders should be out by the early hours of ...
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Dec 16, 2014 - As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with ...
Wikileaks - WARNING: WikiLeaks and Indian black money ...
WARNING: WikiLeaks and Indian black money: The following is a FAKE image ... government to bring back all the black money to india and help our economy grow. ... Aswin Raj This list is not true and wikileaks also knows this.they also know ...
Black Money in Swiss Bank mainly from India, Wikileaks ...
Palash Biswas - Shared privately
Aug 25, 2011 - Black Money in Swiss Bank mainly from India, Wikileaks Exposed the Holy Cows. Anna Hazare campaign against Corruption is quite SILENT on this list. Why?
"Following the recent revelations related to the HSBC Private Bank (Switzerland), the public prosecutor announces the opening of a criminal procedure against the bank... For aggravated money laundering," the Swiss Prosecutors Office said in a statement.
The investigation comes against the backdrop of allegations that the bank might have helped wealthy customers to evade tax.
According to prosecutors, the probe could be broadened to others depending on the progress in the case.
The expose claimed that HSBC's Swiss private banking arm aided customers, spread across more than 200 countries, to evade taxes on amounts worth over USD 119 billion.
Names of businessmen, celebrities and political figures, among others, are part of the leaked list.
HSBC, which admitted to some past lapses on its part, recently came out with full-page advertisements in papers with an apology over the claims.
The list has 1,668 Indians, while the number of actionable cases stands at 1,195 after taking into account duplication and some other factors. Collectively, these accounts had a balance of USD 4.1 billion (Rs 25,420 crore) till 2007. However, all of those accounts may not necessarily have had illicit funds.
Asked about steps being taken by Swiss authorities to ensure that illicit funds are not stashed in their banks, the Switzerland government had said, "Since 2009, Switzerland has changed its financial market policy and is strongly committed to the international standards and to the fight against tax evasion."
In the list, there are 2,699 accounts linked to 1,688 Indians. Out of these, 1,403 accounts were opened between 1969 and 2006, while the maximum amount of money associated with a client connected to India was USD 876.3 million.
Among Indian names, 51 per cent have a Indian passport or nationality, while the remaining accounts were either linked to offshore companies, or were 'numbered' accounts.Earlier, India had received from France a list of over 628 Indians with account in HSBC's Geneva branch. That list was also part of the larger 'HSBC list', which a former bank employee had "secreted away" to the French government.
Switzerland, long known as a place with unbreakable banking secrecy, has come under intense global pressure, including from India, to crack down on illicit fund flows.
Armed with information received about its citizens holding secret accounts in Swiss banks, India has been seeking details from Switzerland, but most of these requests were being stonewalled by the European nation on the ground of those being based on stolen data.
Consequently, India has now changed its strategy and has decided to seek details on the basis of additional evidence collected by it on suspected cases of black money stashed in Swiss banks.
HSBC leak: India to probe new 'black money' list
BBC News - Feb 9, 2015
India will investigate a new list containing names of Indians suspected to have parked untaxed wealth in a foreign bank, Finance Minister Arun Jaitley has said. Secret documents leaked from HSBC's private bank in Switzerland have revealed that it helped ...
Swiss leaks: Govt, SIT widen black-money probe as big industrialists figure in ...
Times of India - Feb 9, 2015
NEW DELHI: With a fresh list of black-money holders abroad making waves, government on Monday said it will probe all the new cases and take the assistance of a whistleblower to get all the names of Indians with HSBC accounts in Switzerland and other places, even ... Jaitley and the government were reacting to a report in Indian Express which said 1,195 Indian names in the fresh HSBC list are nearly double the 628 names that figured in an earlier list that was shared by the French government with India in 2011.
Swiss accounts list: With $4.1 bn, HSBC black money revelations put Indians on ...
Financial Express - Feb 9, 2015
"India is ranked 16th among the countries with the largest dollar amounts in the leaked Swiss files," ICIJ said, while adding that the maximum amount of money associated with a client connected to India was $876.3 million. There are 2,699 accounts linked to ...
How Main Whistle-Blower Herve Falciani Will Help India in Black Money Inquiry
NDTV - Feb 8, 2015
Paris: As India reacted to the disclosure that there are nearly 1,700 Indians on a list of those who held accounts in 2007 at HSBC's Geneva branch, the whistleblower who unloaded the trove of data told NDTV that he has formally joined the Indian ...
India's latest black money revelation in three charts
Quartz - Feb 9, 2015
The names of some of India's biggest industrialists have appeared in a leaked list of HSBC Swiss bank account holders—and it has renewed conversation about the country's black money problem. The list named 1,195 Indians holding a total of Rs25,465.28 ...
HSBC Swiss account list: Indian govt to launch hunt for more black money holders
Financial Express - Feb 9, 2015
HSBC, swiss account list, black money, black money in India, Arun Jaitley Finance Minister Arun Jaitley said all of the accounts holders may not be illegal as some had disclosed their overseas business dealings to tax authorities while some others on the list ...
Black money: Names of Swiss bank account holders revealed
India Today - Feb 8, 2015
In case of suspected black money abroad, the disclosure related to a list of 628 Indians, who figured on a list of HSBC account holders that India had got from the French government. However, the newspaper, in its investigative report has said that 1,195 ...
EXCLUSIVE: HSBC Indian list just doubled to 1195 names; balance at Rs 25420 ...
Financial Express - Feb 9, 2015
But nowhere has the HSBC Swiss list touched off a more raging political debate than in India. That's why to obtain and investigate the Indian names, The Indian Express partnered in a three-month-long global project with the Washington-based International ...
Black money: Govt likely to name 60 account holders
Times of India - Feb 8, 2015
The SIT, headed by retired Supreme Court Judge Justice M B Shah, had said in its last report to the government and the Supreme Court in December 2014 that the black money holders names in HSBC Geneva list will be taken to their logical conclusion soon.
1195 Indians have accounts in HSBC bank: Report
Times of India - Feb 8, 2015
The files list a range of former and current politicians from Britain, Russia, India and a range of African countries, Saudi, Bahraini, Jordanian and Moroccan royalty, and the late Australian press magnate Kerry Packer. READ ALSO: Swiss govt says cooperating intensely ... Aam Aadmi Party (AAP) chief Arvind Kejriwal on Monday said that the party stood vindicated as the names it had revealed in connection with black money earlier are present in the HSBC bank's list. According to reports, the government is expected to ...
Swiss govt says HSBC black money account list from 'stolen data'; setback for India
Financial Express - Feb 9, 2015
HSBC, HSBC black money, swiss account list, swissleaks, black money, black Earlier, India had received from France a list of over 628 Indians with 'black money' accounts in HSBC's Geneva branch. (Reuters) ...
Jaitley promises inquiry
The Hindu - Feb 9, 2015
Union Finance Minister Arun Jaitley said on Monday that the Income Tax Department would investigate to find out whether any of the accounts held by Indians named in the expose had black money. 'I-T dept. will check ... The HSBC list is part of a global collaboration which saw 140 journalists go through the list of Swiss bank account holders obtained by Le Monde, a Paris-based newspaper. The list included the ... black money abroad. The Communist Party of India also urged the government to take strict action.
Explained: What's new, why it's important
The Indian Express - Feb 8, 2015
black money, black money list, account holders black money, swiss account list, An Indian Express Investigation in ... list in the Supreme Court? Yes. The French authorities gave India 628 names in 2011 and these figure in the new Le Monde-ICIJ list, too.
Switzerland government says HSBC list from 'stolen data'
Economic Times - Feb 9, 2015
NEW DELHI/BERNE: With a new 'HSBC list' of Swiss bank accounts revealing over 1,000 Indian names, Switzerland today said these are from "stolen data" -- an assertion that might make it difficult for India to get details on these accounts without any ...
Govt to probe new HSBC list: Arun Jaitley on black money list
Hindustan Times - Feb 9, 2015
The Swiss government, however, said that the new list was from "stolen data", an assertion that might make it difficult for India to get details on these accounts without any additional evidence. "The published information is based on the known list with stolen ...
Government, SIT widen black money probe as new HSBC list emerges
Daily News & Analysis - Feb 9, 2015
With a fresh list of black money holders abroad making waves, Government on Monday said it will probe all the new cases and take the assistance of a whistle blower to get all the names of Indians with HSBC accounts in Switzerland and other places, even as the ... Jaitley and the government were reacting to a report in the Indian Express which said 1,195 Indian names in the fresh HSBC list are nearly double the 628 names that figured in an earlier list that was shared by the French government with India in 2011.
Black money: Indians rank 16th on leaked HSBC list
Business Today - Feb 9, 2015
In terms of money in these accounts, account holders from Switzerland are on the top ($31.2 billion), followed by UK, Venezuela, US and France in the top five. India is at 16th place on this parameter.
Black Money: Government to Probe 1195 Indian Names in HSBC List
The New Indian Express - Feb 8, 2015
The 1,195 Indian names are nearly double the 628 names that figured in an earlier HSBC list that was shared by the French government with India in 2011. The government has launched prosecution against as many as 60 illegal overseas bank account ...
Black money: Swiss goverment says cooperating intensely with India
Daily News & Analysis - Feb 8, 2015
After probing into a list of 628 Indians, who figured on a list of account holders in HSBC's Geneva branch that Indiagot from the French government, the SIT has said that prosecution has begun against 79 entities. Reflecting the high priority accorded to India, ... Under pressure to act on black money front, Switzerland has said it is intensely pursuing cooperation with India, even as the bilateral ties remain "tense" over its refusal to share bank account details on the basis of stolen data. Despite a difficult environment and ...
Govt, SIT widen black money probe as new HSBC list emerges
VC Circle - Feb 9, 2015
With a fresh list of black money holders abroad making waves, Indian government on Monday said it will probe all the new cases and take the assistance of a whistle blower to get all the names of Indians with HSBC accounts in Switzerland and other places, even as ... "Some new names have been revealed whose veracity would be checked by authorities," Finance Minister of India Arun Jaitley told reporters as government said that information in more than 600 cases has been sought from foreign jurisdictions based ...
Govt to probe new list of blackmoney holders, seeks more info
Oneindia - Feb 9, 2015
New Delhi, Feb 9: With a fresh list of blackmoney holders abroad made waves, Government today said it will probe all the new cases and disclosed that it is in touch with a whistle blower to get the names of all the undisclosed Indian accounts in HSBC's Switzerland ... Jaitley and government were reacting to a report in the Indian Express which said 1,195 Indian names in the fresh HSBC list are nearly double the 628 names that figured in an earlier list that was shared by the French government with India in 2011.
Ambanis lead list of 1195 Indians who stashed cash in HSBC Swiss branch
Yahoo India News - Feb 8, 2015
PTI reported that the Government of India is "expected to disclose the names of nearly 60 Indians and entities after recently initiating tax-evasion prosecution proceedings against them, cracking down on black money accounts as reported in the HSBC bank's ...
HSBC list: FM Arun Jaitley says 60 prosecutions on black money launched
Financial Express - Feb 9, 2015
Meanwhile, following The Indian Express expose, the Chairperson of the Supreme Court-appointed SIT onblackmoney called an emergency meeting later today discuss the new revelations. The Indian Express' investigation in partnership with the ...
Black money: Indians rank 16th on leaked HSBC list; Swiss on top
Economic Times - Feb 9, 2015
In terms of money in these accounts, account holders from Switzerland are on the top ($31.2 billion), followed by UK, Venezuela, US and France in the top five. India is at 16th place on this parameter. In terms of the number of account holders, India is at 18th ...
Govt to probe new Indian names in HSBC list: Arun Jaitley
Times of India - Feb 9, 2015
NEW DELHI: Finance minister Arun Jaitley on Monday said new names of Indians with Swiss bank accounts have come up and their veracity will be checked while 60 prosecutions have already been launched, as a fresh HSBC listrevealed by an ...
Exclusive: HSBC Indian list just doubled to 1195 names. Balance: Rs 25420 cr
The Indian Express - Feb 9, 2015
... $100 billion. But nowhere has the HSBC Swiss list touched off a more raging political debate than in India. ... Topping the list of account-holders with an India connection is prominent London-based PIO Swraj Paul with a balance of $386 million. The lowest ... Kuldip Singh Dhingra, chairman of Berger Paints, for instance, said that he had routed all money in the account through legal channels and despite that he was subjected to a search (around 150 such search operations have been conducted). He has filed a ...
India in touch with whistleblower to get entire names of black money holders
Business Standard - Feb 9, 2015
An expanded list, to an earlier disclosure of 2011, coming to the fore of Indians having allegedly undisclosed accounts in HSBC, Switzerland, the government on Monday said it was in touch with the whistle-blower who had leaked these and was verifying the ...
New Names in HSBC List Will Be Probed, Says Finance Minister Arun Jaitley
NDTV - Feb 8, 2015
New Delhi: New names who have been added to a list of Indians with accounts at HSBC in Geneva will be investigated as part of an expansive inquiry into black money, said Finance Minister Arun Jaitley today, though sources caution that some of the ...
Black money: India scores 16 on stash
The Asian Age - Feb 9, 2015
India is ranked 16th among the countries with the largest dollar amounts in the leaked list of HSBC bank's Swiss branch, according to International Consortium of Investigative Journalists. The total money in the Swiss branch of HSBC by Indians was $4.1 ...
Indians rank 16th on leaked HSBC list
Oneindia - Feb 9, 2015
New Delhi, Feb 9: With total funds of USD 4.1 billion, Indians rank 16th on the new leaked HSBC list of Swiss bank account holders from over 200 countries, while people from Switzerland itself are on the top. The list ... India is at 16th place on this parameter.
 Report IDs Indians holding total of $4 billion in Swiss accounts
Los Angeles Times - Feb 9, 2015
Swiss officials said Monday that the information was based on "stolen data" but said they were "strongly committed" to cracking down on black money, the Press Trust of India reported. Parth M.N. is a special correspondent. Follow @SBengali in Twitter for ...
 Black Money: Centre to Disclose Names of 60 Account Holders
The New Indian Express - Feb 8, 2015
... is expected to disclose the names of close to 60 Indians and entities as it has recently initiated tax evasion prosecution proceedings against them as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list. Sources ...
 Black money trail: Tycoons, netas dominate HSBC list of 1195 Swiss account ...
Firstpost - Feb 9, 2015
A multi-country, multi-year investigation by an International Consortium of Investigative Journalists (ICIJ) into the identities of thousands of Swiss account holders has the potential to raise yet another political storm in India. The laundry list published by The ...
 Black money: Some new names have been revealed whose veracity will be ...
Daily News & Analysis - Feb 8, 2015
In that connection the Government of India and the Revenue Department they did some communications at that time (4-5 years ago). These were details of 628 accounts," he said. In the list, there were ... Meanwhile, Aam Aadmi Party (AAP) chief Arvind Kejriwal said that the party stood vindicated as the names it had revealed in connection with black money earlier is present in the HSBC bank's Geneva branch list naming 60 Indians and entities involved. "The names I revealed in a PC on 9 Nov 2012 are there in IE list ...
 Black money probe to be expanded to include new names: SIT Chairman MB Shah
Daily News & Analysis - Feb 9, 2015
As the release of the fresh list created a storm, Finance Minister Arun Jaitley said the veracity of the new names of Indians with Swiss bank accounts will be checked, while 60 prosecutions have already been launched by the tax authorities. The black money ...
 Black money: Swiss govt says cooperating intensely with India
Oneindia - Feb 8, 2015
Berne/New Delhi, Feb 8: Under pressure to act on black money front, Switzerland has said it is intensely pursuing cooperation with India, even as the bilateral ties remain "tense" over its refusal to share bank account details on the basis of stolen data. Despite a difficult ... After probing into a list of 628 Indians, who figured on a list of account holders in HSBC's Geneva branch that India got from the French government, the SIT has said that prosecution has begun against 79 entities. Out of these, no balance has been ...
Black money probe to be expanded to include new names: MB Shah
Zee News - Feb 9, 2015
Ahmedabad: The SIT probing black money will widen the scope of its investigation to include the new names that figure in the list of account holders in HSBC's Swiss arm released by an international body of journalists, its chairman M B Shah said on Monday.
HSBC List Causes Shockwaves In India
Sky News - Feb 9, 2015
There is an ongoing probe by a Special Investigation Team (SIT) appointed by the Supreme Court of India into the issue of 'black money' in Swiss accounts. The court is monitoring the investigations and the government's attempt to get the illegal money back.
 Kejriwal was right: HSBC tax leak shows 700 Indians parked funds in Swiss bank
Daily Mail - Feb 9, 2015
A global leak, revealing tax evasion through banking giant HSBC's Swiss branch, corroborates claims made by Arvind Kejriwal's India Against Corruption (IAC) in November 2012 that more than 700 Indians, including some of the top businessmen, had parked ...
 Black money: SIT widens probe as new names emerge
Financial Express - Feb 9, 2015
The SIT had said in its last report to the government and the Supreme Court in December 2014 that black moneyholders cases in HSBC Geneva list will be taken to their logical conclusion soon, a stand reiterated by Union Finance Minister Arun Jaitley today.
 Black money: Names not enough, need evidence, says Arun Jaitley
India Today - Feb 8, 2015
Finance Minister <a href="http://indiatoday.intoday.in Finance Minister Arun Jaitley.Finance Minister Arun Jaitley on Monday said the government needs evidence, and not just names, to act against the Indians holding black moneyaccounts in Switzerland's ...
 Black money: Swiss government says cooperating intensely with India
Economic Times - Feb 8, 2015
BERNE/NEW DELHI: Under pressure to act on black money front, Switzerland has said it is intensely pursuing cooperation with India, even as the bilateral ties remain "tense" over its refusal to share bank account details on the basis of stolen data. Despite a difficult environment and differences over sharing of information, the "door for ... Several people in that list have already admitted to the fact that they had accounts. "Now we do have independent evidence and material available. So, now we have to come back to ...
 Swiss Leaks: HSBC 'tax dodge' revelations are tip of iceberg, says leaker
Financial Express - Feb 10, 2015
HSBC, HSBC black money list, HSBC India, swiss account list, swissleaks, Herve Falciani, an IT worker turned whistleblower, stole the files in 2007 and passed them to French authorities, but they had not been previously made public.
 Black money probe: Prosecution initiated against 60 resident Indians, says FM
Firstpost - Feb 9, 2015
The 1,195 names from India allegedly include those of businessmen and politicians. Earlier in December, the Special Investigation Team (SIT) had submitted a report to the Supreme Court which revealed that persons on the HSBC listheld Rs. 4,479 crores in ...
 Govt to reveal names of 60 black money holders
Oneindia - Feb 8, 2015
The government has recently initiated tax evasion prosecution proceedings against them as part of its crackdown onblack money, as reported in the HSBC bank's Geneva branch list. Sources said that those against whom legal action has been initiated ...
A Swiss revelation
Business Standard - Feb 9, 2015
The results of an international project to investigate a leaked list of Swiss account-holders were made public on Monday, doubling the number of known Indian names. The project, run by the International Consortium of Investigative Journalists (partnered in ...
 HSBC leaked list: 1195 Indians including country's richest Mukesh Ambani have ...
International Business Times UK - Feb 9, 2015
India's Finance Minister Arun Jaitley said the list includes new names, and the country will expand its probe into theblack money issue. Prime Minister Narendra Modi had earlier pledged to bring back large amount of black moneykept abroad during his ...
 Black money disclosure: 1195 Indians have accounts in HSBC bank
Indileak - Feb 8, 2015
The files list a range of former and current politicians from Britain, Russia, India and a range of African countries, Saudi, Bahraini, Jordanian and Moroccan royalty, and the late Australian press magnate Kerry Packer. The daily newspaper, Indian Express, which was a ... According to reports, the government is expected to disclose the names of over 60 Indians and entities as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list. it may be mentioned here that earlier in ...
 Swiss leaks: HSBC admits to weak compliance in past
Financial Express - Feb 9, 2015
swiss account list, swissleaks, black money, black money probe ICIJ claims that ... The Narendra Modi led government in India had made it an election pledge to trace and bring back the missing millions held corruptly in Swiss accounts. The list of Indians on ...
New report shows more than 1000 Indians have Swiss bank accounts
Business Standard - Feb 8, 2015
Ever since the onset of the black money probe, politicians in India have denied being on this list. However, the Indian Express investigation has revealed the names of a few account holders with connections to politicians. Former UPA minister Preneet Kaur ...
Report IDs India citizens holding $4 billion in Swiss accounts
Alaska Dispatch News - Feb 9, 2015
While not all the accounts were believed to contain undeclared wealth _ what Indians call "black money" _ the list added to calls for action by Prime Minister Narendra Modi's government. Modi came to power last year vowing to crack down on untaxed money ...
Govt, SIT to widen black money probe
Assam Tribune - Feb 9, 2015
NEW DELHI, Feb 9 – With a fresh list of black money holders abroad making waves, the Government today said it will probe all the new cases and take the assistance of a whistleblower to get all the names of Indians with HSBC accounts in Switzerland and other places, ... Jaitley and the government were reacting to a report in the Indian Express which said 1,195 Indian names in the fresh HSBC list are nearly double the 628 names that figured in a list that was shared by the French government with India in 2011.
 Black Money: Govt Begins Legal Proceedings against 60 Indians; Likely to ...
International Business Times, India Edition - Feb 9, 2015
The accounts that are under scrutiny have black money stashed to the tune of ₹1,500-1,600 crore. Following the directions of Special Investigation Team (SIT), which is handling the case of black money and illegal assets held by Indians abroad, the IT ...
 Ambanis are most prominent names on list of Swiss account holders revealed in ...
Scroll.in - Feb 8, 2015
The Indian Express on Monday published an investigation into bank accounts held by 1,195 Indians abroad. The investigation is based on leaks from the HSBC's Swiss banking unit. The most significant names on the list, by far, are those of Mukesh Ambani ...
 I-T dept in touch with whistleblower who leaked HSBC account details
Daily News & Analysis - Feb 9, 2015
According to the report, 1,195 Indians, nearly double the 628 in the old list that was shared by the French government with India, figure in the HSBC list, with a total balance of Rs 25,420 crore. "Necessary investigation as per provisions of law will be ... The snoop wings of the Income-Tax department, CBDT and Enforcement Directorate (ED) attended the Special Investigation Team (SIT) meeting on black money to review the original 628 accounts in New Delhi on Monday. The meeting also reviewed the new accounts ...
 Black money: HSBC admits 'failures' by its Swiss arm
domain-B - Feb 9, 2015
France later shared the names of potential tax evaders in 2010 with tax authorities in Britain, the United States and other countries, including India - where the matter has created a major uproar. The list is often referred to as the ''Lagarde'' list, referencing ...
The foreign stash
The Indian Express - Feb 9, 2015
The Swiss leaks, which show 1,195 Indian clients of HSBC — almost double the 628 names the French government handed over toIndia in 2011 — feature top businessmen, diamond traders, NRIs and a few political families in India and show a balance of Rs ... Finance Minister Arun Jaitley has said that the new names in the HSBC list will be probed. The minister's response is welcome. The special investigation team appointed by the Supreme Court must take note and widen the scope of its probe into black money.
Black Money: Prosecution to be launched against illegal accounts, says FM Arun ...
Newsx - Feb 8, 2015
Finance Minister Arun Jaitley addresses a press conference on the HSBC Swiss list and while reacting to the report, Jaitley claims that the government already has the names and it has initiated prosecution of 60 names and completed probe of 350 names.
 Black money: SIT widens probe
Oneindia - Feb 9, 2015
Ahmedabad/New Delhi, Feb 9: The Special Investigation Team (SIT) on black money today decided to widen its probe as new names of Indians with Swiss bank accounts have come up but made it clear that legal action will be taken only after verifying facts.
 Govt promises probe into new revelations on bank accounts
Livemint - Feb 9, 2015
New Delhi: The government on Monday promised to investigate the hundreds of new cases of alleged illegal foreign bank accounts held by Indians in HSBC—disclosed in a list published by The Indian Express. The newspaper ... Bringing back black money hidden abroad was a key poll promise of the Bharatiya Janata Party and its allies at the general election. The list released ... Furthermore Mr Naresh Goyal is fully compliant with all his obligations to the tax jurisdictions in India and other countries." "I would like to ...
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 HSBC account names stolen data: Swiss government
Livemint - Feb 9, 2015
Switzerland, however, said the country is "strongly committed" to fight against the black money menace following change in its policy a few years ago. "The published information is ... Details of more than 100,000 account holders around the world, including over 1,000 from India, have been revealed through a joint investigation by the International Consortium of Investigative Journalists (ICIJ). "We acknowledge that the ... In today's list, there are 2,699 accounts linked to 1,688 Indians. Out of these, 1,403 accounts ...
 HSBC sheltered murky cash linked to dictators, arms dealers
The Indian Express - Feb 8, 2015
The files also document huge sums of money controlled by dealers in diamonds who are known to have operated in war zones and sold gemstones to finance insurgencies that caused untold deaths. .... They found several people on the current US sanctions list, such as Selim Alguadis, a Turkish businessman alleged to have supplied sophisticated electrical goods to Libya's secret nuclear weapons project; and Gennady Timchenko, a billionaire associate of Russian President Vladimir Putin and one of the main ...
Black money: Govt. initiates concealment penalty proceedings in 128 cases
NetIndian - Feb 9, 2015
The Government today said it had initiated concealment penalty proceedings, under section 271 (1) (c) of the Income Tax Act, 1961, in almost all 128 cases in which it had completed assessments as part of its investigations into illegal foreign bank accounts ...
 US government faces pressure after biggest leak in banking history
The Guardian - Feb 8, 2015
The files reveal how HSBC's Swiss private bank colluded with some clients to conceal undeclared "black" accounts from domestic tax authorities across the world and provided services to international criminals and other high-risk individuals. The disclosure ... Lynch and other senior DOJ officials defended the deal, pointing out it committed HSBC to a five-year plan to stamp out money laundering and other illicit practices, an ongoing process that is being overseen by an independent, court-appointed monitor.
Black money: Govt. needs legal evidence of bank accounts, says Jaitley
Web India - Feb 9, 2015
Finance Minister Arun Jaitley on Monday said the new names added to a list of Indians with accounts at HSBC in Geneva will be investigated as part of an expansive probe into the existence of black money abroad. "The details that have come out today are ...
Over 1100 Indians named in HSBC Swiss leaks
Khaleej Times - Feb 9, 2015
New Delhi - The central government has completed assessment of 350 foreign accounts while tax-evasion proceedings have been initiated against 60 such holders as part of its crackdown on black money accounts, India's Finance Minister Arun Jaitley said Monday. Reacting to a media report that over 1,100 Indians were in the list of clients who held accounts in HSBC bank's Geneva branch from 2006-2007, Jaitley said: 'The details that have come out today (Monday) are the ones we already have.' 'The question is ...
 Senate leader calls for US government's explanation in wake of HSBC leaks
The Guardian - Feb 9, 2015
Referring to previous charges against HSBC, which were resolved in a landmark civil settlement in 2012, he added: "If the charges are true, the same institution that was first caught violating US sanction laws and laundering money for Mexican drug cartels could then escape accountability for promoting widespread .... The HSBC leak has sometimes been referred to as the "Lagarde List", after the then French finance minister, Christine Largarde, who shared portions of the HSBC data with her counterpart in Greece.
 HSBC accounts | Swiss govt says data stolen, nothing new
Livemint - Feb 9, 2015
Geneva: India vowed to investigate the new names in a list published Monday of 1,668 Indians with accounts in HSBC bank in Geneva between 2005 and 2007 but the government is unlikely to receive any cooperation from the Swiss government on the basis of the ... finance ministry or the Reserve Bank of India would take the bank to task for that, but a senior official at HSBC in Geneva claimed it has left behind its earlier practice of attracting funds from foreign clients by helping them evade taxes or launder money.
 Government to probe new names in HSBC list: Arun Jaitley
indiablooms - Feb 9, 2015
New Delhi, Feb 9 (IBNS): Union finance minister Arun Jaitley on Monday said that the government would investigate new names added to a list of Indians with accounts at HSBC in Geneva as part of a bigger inquiry into black moneyissue. ... Pradip Burman of Dabur India, Rajkot-based bullion trader Pankaj Chimanlal Lodhya and Goa-based mining company Timblo Private Limited and its five Directors were among the names that figured in the list which was filed in the apex court by the government, sources said.
 HSBC bank 'helped clients dodge millions in tax'
BBC News - Feb 9, 2015
HM Revenue and Customs (HMRC) was given the leaked data in 2010 and has identified 1,100 people from the list of 7,000 British clients who had not paid their taxes. But almost five years later, only one tax evader has been prosecuted. HMRC said £135m in tax, interest ... In a statement, the bank said: "HSBC has implemented numerous initiatives designed to prevent its banking services being used to evade taxes or launder money." The bank said it now puts compliance and tax transparency ahead of profitability.
 Swiss Leaks: Need Evidence to Take Legal Action, Says Jaitley
International Business Times, India Edition - Feb 9, 2015
Some of the diamond traders of India have also been named in the list reported by The Indian Express, which partnered in a three-month-long global project with the Washington-based International Consortium of Investigative Journalists (ICIJ) and the ...
 Need proof, not names: Arun Jaitley
Deccan Chronicle - Feb 9, 2015
New Delhi: The BJP-led government, that refused to make public the names of black money holders on the leakedlist of HSBC Bank's Swiss branch, faced flak from the Opposition on Monday after the International Consortium of Investigative Journalists released the names of the top 100 tax evaders. The Centre had said naming the individuals would violate ... This is nearly double the 628 names that had figured in an earlier list shared by France with India in 2011. Finance minister Arun Jaitley said just having the ...
1195 Indian politicians, business honchos have accounts in HSBC's Swiss ...
Merinews - Feb 9, 2015
A stolen HSBC account holders list in 2008 was shared with the France government, which in 2011 shared the list 628 people withIndia. A Supreme Court monitored Special Investigation Team (SIT) on Black Money, is already investigation the names in the ...
 Jaitley Promises Action On Black Money Stashed Abroad
www.newsworms.com - Feb 9, 2015
Narendra Modi's government will now have to speed up the trailing of black money stashed by Indians in foreign banks after a forum of international journalists revealed more than a thousand names of those who are holding a foreign account. Taking note of ...
 'Biggest Banking Leak in History' Details Nefarious Tactics of Global Tax-Dodgers
Mintpress News (registration) (blog) - Feb 9, 2015
Colluded with some clients to conceal undeclared "black" accounts from their domestic tax authorities. • Provided ... And while tax avoidance is perfectly legal, deliberately hiding money to evade tax is not. The revelations have sparked formal investigations in several countries, with the bank facing criminal investigations in the US, France, Belgium and Argentina. India's finance minister Arun Jaitley has said that all names on the list will be investigated, although he cautioned that some accounts might be legitimate.
 Too big to jail? HSBC bank helped wealthy clients conceal billions — and the ...
Raw Story - Feb 9, 2015
The files reveal how HSBC's Swiss private bank colluded with some clients to conceal undeclared "black" accounts from domestic tax authorities across the world and provided services to international criminals and other high-risk individuals. ... Referring to previous charges against HSBC, which were resolved in a landmark civil settlement in 2012, he added: "If the charges are true, the same institution that was first caught violating US sanction laws and laundering money for Mexican drug cartels could then escape ...
HSBC error
Peninsula On-line - Feb 9, 2015
In India, where the government of Narendra Modi came to power with a promise to bring back billions of dollars of black moneystashed abroad, the new revelations have created a storm. In the released list appears several prominent businessmen, including Ambanis, the country's richest businessmen, and several politicians. Despite the election promise, the Modi government has been dithering on bringing back black money because the offenders are the most powerful from the business and political class. But the ...
 16 Bangladeshis connections found with Swiss HSBC
Financial Express Bangladesh - Feb 9, 2015
The funds, described by SNB as liabilities of Swiss banks or amounts due to their clients, are the official figures disclosed by the Swiss authorities. These figures, however, do not include the money that Bangladeshis or others might have in Swiss banks in the ...
Over 1100 Indians named in HSBC "Swiss leaks" list
MENAFN.COM - Feb 9, 2015
(MENAFN - Khaleej Times) The central government has completed assessment of 350 foreign accounts while tax-evasion proceedings have been initiated against 60 such holders as part of its crackdown on black money accounts, India's Finance Minister ...
 Swiss leaks: HSBC admits lapses, Ambanis deny having illegal accounts
NewsHub.org - Feb 9, 2015
Former and current politicians from India are among international clients helped by HSBC to evade taxes with offshore accounts in Switzerland, according to leaked documents revealing the inner workings of HSBC s Swiss private banking arm. ... and Jet Airways chairman Naresh Goyal, on Monday denied having illegal Swiss bank accounts in the wake of leaked list of account holders of HSBC brought out by an international body of journalists. "There is no black (money) ... There is nothing to hide, nothing to worry.
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